Monday, September 9, 2019

Gains From Trade: Even the Toy Models Can Teach Us

›
Within a Ricardian framework there are several simplifications that we must take in mind as we discuss it. First is that labor is the only i...
Friday, September 6, 2019

Nice Country You Got. Shame if Someone Structurally Adjusted It: On the Bretton Woods Institutions

›
The story of the Bretton Woods conference is the story of Harry Dexter White, Keynes, and the representatives of fifty other counties holed ...
Thursday, August 8, 2019

A Movable Contradiction: David Harvey and Capitalism's Multiple Crisis Points

›
I must admit to a soft spot for David Harvey. He was one of the first capitalism-skeptics I came across after the crisis, so I read “The Eni...
Wednesday, August 7, 2019

Structural Causes to the Financial Crisis and their Discontents

›
James Crotty has argued that the crisis of 2007-8 was cause by structural issues in the economy, mainly derived from the deregulation in fin...
Tuesday, August 6, 2019

The Financial Instability Hypothesis & The 2007-2008 Financial Crisis.

›
What is the financial instability hypothesis of Hyman Minsky? It is a theory of the business cycle, a theory where he describes “the readily...
1 comment:
Monday, July 22, 2019

The Minsky Minute: The Financial Instability Hypothesis

›
Upstairs on my nightstand, I have a copy of Minsky’s “Stabilizing an Unstable Economy”. My mother in law got it for me one Christmas soon af...
Monday, July 15, 2019

Modeling a Typical Financial Crisis

›
Last week, I came across someone mentioning Bagehot's law, which is essentially “Lend without limit, to solvent firms, against good coll...